Accounting Systems and Practices (11212.2)

Please note these are the 2024 details for this unit
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Accounting Systems and Practices
Available teaching periods Delivery mode Location
View teaching periods On-campus
Online
Flexible
Online real-time
 Bruce, Canberra
EFTSL Credit points Faculty
0.125 3 Faculty Of Business, Government & Law
Discipline Study level HECS Bands
Canberra Business School Level 2 - Undergraduate Intermediate Unit Band 4 2021 (Commenced After 1 Jan 2021)
Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905)
Band 5 2021 (Commenced Before 1 Jan 2021)
This unit introduces students to the techniques and processes required to produce financial statements for a simple entity. Topics include the use of accrual accounting in preparing journal entries for a range of transactions and events, as well as utilising principles of internal controls. These topics provide the basis necessary to complete the next unit in the financial accounting stream.

Learning outcomes

After successful completion of this unit, students will be able to:
1. Analyse and apply financial accounting principles and concepts when dealing with structured information;
2. Apply the use of accounting controls, journals and systems;
3. Prepare financial reports for simple entities using accounting software; and
4. Reflect on the professional skills that accountants have to possess and display.


Graduate attributes

1. ºÚÁϳԹÏÍø graduates are professional - employ up-to-date and relevant knowledge and skills
1. ºÚÁϳԹÏÍø graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. ºÚÁϳԹÏÍø graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
1. ºÚÁϳԹÏÍø graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
2. ºÚÁϳԹÏÍø graduates are global citizens - communicate effectively in diverse cultural and social settings
2. ºÚÁϳԹÏÍø graduates are global citizens - make creative use of technology in their learning and professional lives
3. ºÚÁϳԹÏÍø graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development
3. ºÚÁϳԹÏÍø graduates are lifelong learners - be self-aware
3. ºÚÁϳԹÏÍø graduates are lifelong learners - evaluate and adopt new technology
3. ºÚÁϳԹÏÍø graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
1. ºÚÁϳԹÏÍø graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
1. ºÚÁϳԹÏÍø graduates are professional - communicate effectively
1. ºÚÁϳԹÏÍø graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. ºÚÁϳԹÏÍø graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
2. ºÚÁϳԹÏÍø graduates are global citizens - communicate effectively in diverse cultural and social settings
2. ºÚÁϳԹÏÍø graduates are global citizens - make creative use of technology in their learning and professional lives


Prerequisites

11009 Business Decision Making.

Corequisites

None.

Incompatible units

6222 Accounting Systems & Practices G.

Equivalent units

6360 Accounting Systems and Practices.

Assumed knowledge

None.
Availability for enrolment in 2025 is subject to change and may not be confirmed until closer to the teaching start date.
Year Location Teaching period Teaching start date Delivery mode Unit convener
2024 Bruce, Canberra Semester 1 05 February 2024 On-campus Dr Angela Tan-Kantor
2024 Bruce, Canberra Semester 1 05 February 2024 Online Dr Angela Tan-Kantor
2024 Bruce, Canberra Semester 2 29 July 2024 Flexible Dr Angela Tan-Kantor
2024 Bruce, Canberra Semester 2 29 July 2024 On-campus Dr Angela Tan-Kantor
2025 Bruce, Canberra Semester 1 03 February 2025 Online real-time Dr Angela Tan-Kantor
2025 Bruce, Canberra Semester 1 03 February 2025 On-campus Dr Angela Tan-Kantor
2025 Bruce, Canberra Semester 2 28 July 2025 Online real-time Dr Angela Tan-Kantor
2025 Bruce, Canberra Semester 2 28 July 2025 On-campus Dr Angela Tan-Kantor
The information provided should be used as a guide only. Timetables may not be finalised until week 2 of the teaching period and are subject to change. Search for the unit timetable.

Required texts

Hoggett, Medlin, Edwards, Chalmers, Beattie, Hellman and Maxfield 2020, Financial Accounting, 11th Edition, John Wiley & Sons, Australia.

Submission of assessment items

Extensions & Late submissions

Use of AI is not permitted in this unit

The University's position is that artificial intelligence services must not be used for assessment or assessment preparation by students unless explicitly allowed in the assessment instructions for an assessment task published with the assessment task and/or in the unit outline. That is, an AI service may only be used if:

a) its use is authorised by the unit convener as part of the specified task; and
b) it is used in the way allowed in the assessment instructions and/or unit outline; and
c) its use is appropriately referenced, meaning that the students must reference the use of AI in their assessment in the same way as they reference other source material.

The use of AI has not been specified in the assessment instructions for the unit or in the unit outline and thus, AI is not a permissible resource. 
 

Special assessment requirements

Final grades in this subject will be assessed according to performance in each of the assessment items identified above. In order to pass this unit, you must obtain:
 
·    an overall total score of at least 50% 
·     a minimum of 40% in the final exam
·    submit all assessment items marked as mandatory AND
·    meet any indicated threshold requirements.
 
For assessment items marked as mandatory, each piece of assessment must be completed and submitted, but it is not necessary that students pass each individual item of assessment.
 
For threshold items, students must complete the assessment item and meet the minimum indicated threshold requirement.
In this unit, the final examination is a threshold requirement. Students must obtain a minimum of 40% in the final exam and 50% overall to pass the unit.

Students must apply academic integrity in their learning and research activities at ºÚÁϳԹÏÍø. This includes submitting authentic and original work for assessments and properly acknowledging any sources used.

Academic integrity involves the ethical, honest and responsible use, creation and sharing of information. It is critical to the quality of higher education. Our academic integrity values are honesty, trust, fairness, respect, responsibility and courage.

ºÚÁϳԹÏÍø students have to complete the annually to learn about academic integrity and to understand the consequences of academic integrity breaches (or academic misconduct).

ºÚÁϳԹÏÍø uses various strategies and systems, including detection software, to identify potential breaches of academic integrity. Suspected breaches may be investigated, and action can be taken when misconduct is found to have occurred.

Information is provided in the Academic Integrity Policy, Academic Integrity Procedure, and University of Canberra (Student Conduct) Rules 2023. For further advice, visit Study Skills.

Participation requirements

Refer to section 5 for details.

While attendance at classes is not compulsory, unless it is a condition of your student visa, you are encouraged strongly to attend all tutorials and lectures. You should be prepared for active attendance – note-taking, answering questions, sharing ideas, engaging in classes etc. Listening to the lectures and tutorials at home or reading someone else's notes is pedagogically less stimulating than your participation.

Students are expected to be on time for classes. All classes will start exactly at the scheduled starting time. Experience indicates that student who does not attend classes have difficulty passing the subject. Students are strongly encouraged to attend all lectures and tutorials and contribute by actively participating.

Required IT skills

An understanding of MS Word and MS Excel. 

Work placement, internships or practicums

Not applicable.

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